zuckerberg

Feds charge Paul Ceglia with defrauding Facebook

The man who claimed ownership of half of Facebook is now in federal custody. Paul Ceglia was charged today in New York with single counts of mail and wire fraud. The maximum prison sentence for each count is 20 years.

Ceglia become known for his suit against Facebook CEO Mark Zuckerberg claiming that he was entitled to a 50 percent stake in the company. The charges against him filed by the U.S. Attorney's Office in Manhattan state that he falsified records and destroyed evidence in a multibillion-dollar scheme to defraud both Facebook and Zuckerberg.

Read the U.S. vs. Paul Ceglia Complaint … Read more

Mark Zuckerberg's $2 billion day

Facebook's beaten down stock soared today, posting its biggest one-day gain since going public and boosting its CEO Mark Zuckerberg net wealth by a cool $2 billion. Shares closed up $19.13 percent to close at $23.23 after Facebook yesterday posted solid quarterly earnings and showed that it's on its way to making big money from mobile.

The rare rally came as Zuckerberg spent much of yesterday's conference call convincing Wall Street analysts that mobile is not a problem but a monstrous opportunity that he is tackling with full force.

It's only a one-day bump, … Read more

Zuckerberg: In 10 years, folks will share 1,000 times what they do now

PALO ALTO, Calif. -- Facebook CEO and co-founder Mark Zuckerberg addressed an adoring crowd at Y Combinator's startup school today, speaking confidently about Facebook and describing a world in which people will share a whole lot more than they do now -- via Facebook and other social companies.

"It's sort of a social-networking version of Moore's Law," said Zuckerberg, who was interviewed by Y Combinator co-founder Paul Graham. "We expect this rate [of sharing] will double every year. ...So in 10 years from now, people will be sharing about 1,000 times as many … Read more

Facebook hackathon yields apps for your likes and connections

Facebook developers from Taipei, Taiwan; Buenos Aires, Argentina; and Moscow have won Facebook's worldwide hackathon, with apps that let users bookmark "Likes," tell stories, and analyze connections.

The social network announced its winners today after holding the competition in 12 cities, including Moscow, where Facebook CEO Mark Zuckerberg made an appearance. Facebook works hard to keep up its hacker culture even as it continues to grow and to face pressure to make money.

As part of that culture, the social network holds hackathons -- all-night programming competitions -- to surface the outside talents and encourage the development … Read more

Tech dominates Fortune's 40 Under 40 list

Silicon Valley makes a good showing on Fortune's 40 Under 40 list, with the top five slots filled by tech execs like Larry Page.

Page, the CEO of Google, leapfrogged Facebook's Mark Zuckerberg for the No. 1 spot on Fortune's ranking of young business stars.

The publication notes that since Page returned to the CEO role last year, he has "been bent on proving Google still has its mojo." He closed Google's acquisition of Motorola, streamlined management and closed failing projects. All of that has pushed Google's stock to an all-time high.

Facebook … Read more

Viral vids mock Obama, Romney, Zuckerberg on online privacy

The results of the first presidential debate are in, and despite a lackluster performance from the incumbent moderator -- the NewsHour's Jim Lehrer -- PBS was clearly the winner.

Now, the makers of an online privacy app are looking to further capitalize on the increasing interest in the political campaigns with a pair of viral videos mocking everyone from Obama and Romney to Mark Zuckerberg, all in the name of taking personal responsibility for safeguarding individual privacy on social networks.… Read more

Zuckerberg wants everything to connect through Facebook

Mark Zuckerberg has offered some hints about what could be in store for Facebook's future, saying he sees an opportunity to be the "infrastructure" for various other services now that the site has hit the 1 billion active user mark.

Zuckerberg, speaking in a Q&A with Bloomberg Business published today, said Facebook's user base is now large enough that the majority of customers at other sites -- like Skype or Netflix -- are likely also using Facebook. That means those large-scale services can now rely on Facebook as a "piece of critical infrastructure … Read more

The Zuckerberg tour continues: Next stop -- the 'Today Show'

Clearly, Facebook CEO Mark Zuckerberg has decided he's ready for his close up.

After months of silence from Zuckerberg, the hacker-turned CEO is basking in the limelight. He's been doing public appearance after public appearance recently, with the latest -- an interview with Matt Lauer -- airing Thursday on the "Today Show."

Zuck and crew didn't make a peep as Facebook recoiled from a bungled IPO. And, now, with fallen stock and lawsuits dragging down the company's image, the social network is working hard to make sure the public hears its message loud and … Read more

Apple's Tim Cook gifts new iPhone 5 to Mark Zuckerberg

Having nearly a billion friends has its perks, especially when one of them is Tim Cook sending you a free iPhone 5.

The Apple CEO sent Facebook CEO Mark Zuckerberg one of Apple's new handsets gratis, the Facebook chief executive told Matt Lauer of "The Today Show' in an interview. "It's a wonderful device," Zuckerberg told Lauer during an interview scheduled to run Thursday, steering the conversation more toward Facebook's mobile presence.

iPhone is a great platform. There are more people who use Facebook on Android -- because Android is just -- more people … Read more

Zuck's Moscow night: A turn on a Russian talk show

Facebook CEO Mark Zuckerberg is known for his awkwardness during interviews, but his most recent one was bound to be awkward even without Zuckerberg's usual stiffness.

Appearing on Russian late-night TV show "Evening Urgant," hosted by Ivan Urgant, Zuckerberg talked about meeting Russian Prime Minister Dmitry Medvedev, and Facebook's interest in Russian developers.

But there was a language barrier to overcome. Zuck listened to the translation of Urgant's quips through an earpiece. And everything he said was immediately translated for the audience by a Russian woman doing a voice-over.

"It was a lot of … Read more